JP Morgan Asset Management (JPMAM) has moved to bolster its ETF team in London with two new hires as it looks to build its capabilities internationally.
John Adu has been appointed as UK head of ETF distribution and Tom Stephens takes on the role of head of JP Morgan ETF international capital markets.
Both Adu and Stephens will be based in London and report into Byron Lake who was appointed head of international ETFs in March this year.
JP Morgan Asset Management said that in his new role, Adu will focus on building relationships with UK professional investors and delivering JPMAM's ETF capabilities to clients.
Meanwhile, Stephens will be responsible for leading the company's capital markets group, with oversight on driving our capital markets strategy, strengthening relationships with authorised participants and market makers and collaborating closely with distribution teams for client support.
Lake said the appointments represented a further move to build JPMAM's capabilities internationally. "Both are highly regarded by the broader investment community and bring a wealth of ETF experience," he said. "Their combined expertise will help to accelerate our International ETFs expansion."
Both Adu and Stephens bring with them a wealth of experience in the ETF space. Adu joins from Deutsche Bank where he was responsible for cross-asset distribution of alternative, active and passive strategies to UK clients. Before that he was at Source where he helped to build their UK/Ireland client base and smart beta product range across all client segments.
Financial News named Adu as one of the 40 under 40 'Rising Stars of Asset Management' in 2013.
Stephens joins from Societe Generale Corporate and Investment Banking (SGCIB) where he was head of ETF execution sales in Europe.
Prior to his nine years at SGCIB, Tom was a senior member of the iShares capital markets team where he specialized in primary and secondary market ETF liquidity.